Westgold Resources Limited has declared a fully franked final dividend of 10 cents per share for FY26, totaling approximately $95 million and marking a 400% increase above its minimum annual dividend commitment of 2 cents per share.

The $95 million payout represents 16% of the company's free cash flow of $602 million generated during the 2026 financial year. Combined with approximately $27 million invested in on-market share buy-backs up to 30 June 2026, Westgold’s total capital returns to shareholders for FY26 reached approximately $122 million, up 329% on the previous financial year's total distributions of 3 cents per share.

Westgold finished the FY26 financial year entirely debt free with a closing treasury balance of $939 million, following the repayment of $50 million of debt during the period. Trading volume in Westgold shares surged on the announcement, reaching 2,354,827 shares on August 28, 2026—2,168% above the 50-day average volume of 105,739 shares.

“In FY26, Westgold returned a record $122M to shareholders, including $95M in fully franked dividends. This is an outstanding result for shareholders and reflects the stronger cash flow now being generated by the business.”

“Westgold is now a larger, stronger business. We can invest in organic growth while also returning capital to shareholders. Our approach remains disciplined: we will fund high-return growth opportunities, maintain a strong balance sheet and return surplus cash through sustainable dividends and share buy-backs. This strategy is expected to lift gold production over our three-year outlook, and we are fully funded to deliver our growth plans.”

— Wayne Bramwell, Managing Director and CEO

Alongside the dividend declaration, the company adopted a new Shareholder Capital Return Policy for FY27. The updated framework establishes a minimum annual return target of 3 cents per share, combining a minimum ordinary dividend of 2 cents per share with the balance delivered via buy-backs or additional dividends. Total shareholder returns under the new policy are capped at 30% of annual free cash flow and remain subject to maintaining a minimum net cash balance of $200 million and board discretion.

In support of the new policy, the Westgold board approved an extension of its current on-market share buy-back program through to 10 September 2027, authorizing up to $50 million in share repurchases for FY27 within a 5% issued share capital limit.

Payment of the 10 cents per share FY26 final dividend has been scheduled for October 8, 2026.

Read the full announcement: Westgold delivers $122M in FY26 Shareholder Capital Returns